The negotiations started on Monday in London, coming after an earlier spherical of talks in Geneva final month.
This time, China’s exports of uncommon earth minerals utilized in a variety of issues, together with smartphones, electrical car batteries and inexperienced expertise, are anticipated to dominate the agenda.
“In Geneva, we had agreed to decrease tariffs on them, and so they had agreed to launch the magnets and uncommon earths that we’d like all through the financial system,” Trump’s prime financial adviser, Kevin Hassett, advised CNBC on Monday.
Regardless that Beijing was releasing some provides, “it was going lots slower than some firms believed was optimum”, he added.
“Our expectation is that after the handshake, any export controls from the US shall be eased, and the uncommon earths shall be launched in quantity,” Hassett stated.
This marked a sign that the Trump administration could be keen to ease some current curbs if China rolled again uncommon earths restrictions as effectively.
